Broker opens Glasgow office and creates M&A team
Oxygen Insurance Brokers has announced the opening of a new office in Glasgow by its UK Corporate Risks Practice.
The opening is a response to the growth in Scottish commercial insurance business, and is also the first location of the Practice’s new specialist Mergers & Acquisition team.
The existing portfolio of Scottish commercial clients, previously serviced from UK Corporate Risks’ Leeds office, will now be supported directly from the new office.
From the Glasgow office, UK Corporate Risks will provide advice and insurance placing services across the full spectrum of corporate insurance products including property, liability, professional indemnity and Directors’ & Officers’.
The new M&A team will provide due diligence and insurance transaction services for the corporate finance community across the UK.
The new office is managed by Ian H. Smith and Jim Rutherford. Smith joined Oxygen from roles with Aon and Willis where he gained experience in handling a range of clients from mid-market business to multi subsidiary blue-chip companies.
Rutherford joins Oxygen from Aon, where he was a director in the Mergers & Acquisition Group.
Nigel Barton, chief executive officer, Oxygen, said: “In recent years, we have developed an important Scottish account and this move demonstrates our commitment to building on this further. We have the expertise, combined with our distinct business model, to support corporate businesses of varying sizes across Scotland, right in the heart of the market.”
He added: “We are delighted to have Jim on board. His knowledge and experience of developing insurance and risk management programmes for the investment and M&A community will enable us to offer tangible benefits and targeted, professional support.”
